https://www.taxtmi.com/caselaws?id=797314 Depreciation is allowable under Section 32(1)(ii) of the Income-tax Act, 1961, on acquired brand names and marketing and distribution networks where they constitute business or commercial rights of similar nature. Such assets fall within the statutory category of depreciable intangible assets, alongside specified rights such as trade marks, licences and franchises. Where included in the opening written-down value of the relevant block of assets, the acquired brand name and marketing and distribution network qualify for depreciation. en-us Wed, 05 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797314 Depreciation is allowable under Section 32(1)(ii) of the Income-tax Act, 1961, on acquired brand names and marketing and distribution networks where they constitute business or commercial rights of similar nature. Such assets fall within the statutory category of depreciable intangible assets, alongside specified rights such as trade marks, licences and franchises. Where included in the opening written-down value of the relevant block of assets, the acquired brand name and marketing and distribution network qualify for depreciation. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797314